amarkow
New Member

Will the IRS see a red flag when the FMV at death of inherited stock is not what is shown on the 1099B?

We inherited stock from my Wife's father.  We received a 1099B when we sold the stock that shows old Cost basis or none for most of it.  Turbotax states we use the FMV at the date of death which will show vastly different cost basis.  Will this be an issue for the IRS?  How do we best handle it?